AQR Capital Management LLC Purchases 11,450,245 Shares of Fiat Chrysler Automobiles N.V. (FCAU)

AQR Capital Management LLC boosted its position in shares of Fiat Chrysler Automobiles N.V. (NYSE:FCAU) by 56.9% during the first quarter, Holdings Channel reports. The firm owned 31,563,111 shares of the company’s stock after buying an additional 11,450,245 shares during the period. AQR Capital Management LLC owned about 2.05% of Fiat Chrysler Automobiles N.V. worth $346,023,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Investment Centers of America Inc. bought a new position in shares of Fiat Chrysler Automobiles N.V. during the first quarter valued at $110,000. SRS Investment Management LLC raised its position in shares of Fiat Chrysler Automobiles N.V. by 1,315.8% in the first quarter. SRS Investment Management LLC now owns 10,680,904 shares of the company’s stock valued at $116,742,000 after buying an additional 9,926,516 shares during the last quarter. Level Four Advisory Services LLC raised its position in shares of Fiat Chrysler Automobiles N.V. by 29.0% in the first quarter. Level Four Advisory Services LLC now owns 15,457 shares of the company’s stock valued at $156,000 after buying an additional 3,478 shares during the last quarter. Two Sigma Securities LLC bought a new position in shares of Fiat Chrysler Automobiles N.V. during the first quarter valued at $173,000. Finally, Oppenheimer & Co. Inc. bought a new position in shares of Fiat Chrysler Automobiles N.V. during the first quarter valued at $124,000. Institutional investors own 29.53% of the company’s stock.

Institutional Ownership by Quarter for Fiat Chrysler Automobiles N.V. (NYSE:FCAU)

Fiat Chrysler Automobiles N.V. (NYSE FCAU) traded down 0.66% during mid-day trading on Friday, reaching $10.61. 7,844,809 shares of the company were exchanged. The company has a market cap of $16.31 billion, a P/E ratio of 7.40 and a beta of 1.67. The stock’s 50-day moving average is $10.89 and its 200-day moving average is $10.36. Fiat Chrysler Automobiles N.V. has a 12 month low of $5.45 and a 12 month high of $11.65. Fiat Chrysler Automobiles N.V. also was the recipient of unusually large options trading on Thursday. Investors bought 20,156 call options on the company. This represents an increase of 1,539% compared to the typical volume of 1,230 call options.

Fiat Chrysler Automobiles N.V. (NYSE:FCAU) last announced its quarterly earnings data on Wednesday, April 26th. The company reported $0.46 EPS for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.05. Fiat Chrysler Automobiles N.V. had a return on equity of 14.39% and a net margin of 1.76%. The firm had revenue of $27.72 billion during the quarter, compared to analyst estimates of $27.51 billion. During the same period last year, the company posted $0.34 EPS. The business’s quarterly revenue was up 4.3% compared to the same quarter last year. Equities analysts expect that Fiat Chrysler Automobiles N.V. will post $2.37 earnings per share for the current year.

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Several research analysts have recently weighed in on the stock. Bank of America Corporation reiterated an “underperform” rating and set a $9.00 price objective (down from $10.00) on shares of Fiat Chrysler Automobiles N.V. in a report on Friday. Morgan Stanley cut their price objective on shares of Fiat Chrysler Automobiles N.V. from $15.00 to $14.00 and set an “overweight” rating on the stock in a report on Friday, June 9th. Jefferies Group LLC set a $14.00 price objective on shares of Fiat Chrysler Automobiles N.V. and gave the stock a “buy” rating in a report on Monday, May 22nd. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating on shares of Fiat Chrysler Automobiles N.V. in a report on Wednesday, April 26th. Finally, Zacks Investment Research upgraded shares of Fiat Chrysler Automobiles N.V. from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a report on Thursday, April 20th. Three research analysts have rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $12.55.

Want to see what other hedge funds are holding FCAU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fiat Chrysler Automobiles N.V. (NYSE:FCAU).

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